Key Highlights
- KuCoin will fully support the upcoming VeChain (VET) network upgrade and hard fork.
- Deposit and withdrawal services for VET will be temporarily suspended on December 2, 2025, starting at 10:00 UTC.
- VET trading will remain unaffected, and the hard fork will not result in any new token.
KuCoin, the digital asset exchange, has announced its support for the upcoming VeChain network upgrade and hard fork. The VeChain network upgrade and associated hard fork are anticipated to commence at approximately 11:27 on December 2, 2025 (UTC).
The exchange is preparing to manage the transition to ensure the integrity and safety of user funds during the maintenance process. To facilitate this, KuCoin will temporarily halt all deposits and withdrawals for the VET network.
Advice on deposits and withdrawals
KuCoin has advised users not to deposit or withdraw VeChain assets until the maintenance work is completed and services are formally restored.
The trading activities involving VeChain (VET) will remain completely unaffected during the network event. Additionally, the platform has confirmed that this upgrade of the network and hard fork will not create new tokens to be distributed among the token holders.
Technicalities for network upgrade
Network upgrades and hard forks are a normal course of events in the life cycle of many decentralized networks, VeChain included. Such technical changes may be done for several reasons: introducing new features, enhancing security protocols, or upgrading the general performance and stability of the network.
The VeChain Foundation has earlier issued information on the upgrade, making references to it through official channels, including the GitHub release tag v2.4.0.
This move to temporarily shut down deposit and withdrawal services is a common precautionary measure taken by exchanges to avoid loss of funds or transaction anomalies that may occur because of network instability during the update period.
The main impact for KuCoin users is that asset transfers will be temporarily unavailable. No new token will be issued during the upgrade process. The hard fork is a technical optimization of the blockchain itself, rather than a distribution. User funds stored on KuCoin will be automatically migrated to the updated network and require no user action.
Full deposit and withdrawal services will be resumed once the upgrade is completed and the network is deemed stable. However, the exchange has pointed out that it will not notify the users further until an announcement of the exact time these services are restored. Users are advised to monitor the official KuCoin channels or the status of their VET wallets to determine when transfers can be reliably initiated again.
At the time of writing, VET is trading at $0.01345, showing a decline of 3.22% over the last 24 hours. The overall market cap for VeChain stands at $1.15B, also representing a drop of 3.25% in value. The 24-hour trading volume is $21.4M, while the max supply of VET is $86.71B, and the circulating supply is $85.98B, according to CoinMarketCap.
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